3 Bed Semi-Detached House, Refurb/BRRR, Benfleet, SS7 3BE, £360,000

Hydeway, Thundersley, SS7 3BE - 1 views - 3 months ago

Sold STC

Refurb/BRRR

ROI: 1%

~93 m²

+8 photos

ValuationUndervalued

Sold Prices	£261K - £640K
Sold Prices/m²	£3.7K/m² - £5.6K/m²

Square Metres	~93 m²
Price/m²	£3.9K/m²
Value Estimate	£378,750£378,750
BMV	1%

End Value (After Refurb)	£383,594£383,594
Uplift in Value	+2%+2%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£90,000£90,000
Stamp Duty & Legal Fees	£18,700£18,700
Refurb Costs	£45,518£45,518
Bridging Loan Interest	£9,450£9,450
Total Cash In	£165,418£165,418

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£383,594£383,594
Mortgage (After Refinance)	£287,696£287,696
Mortgage LTV	75%75%
Cash Released	£17,696£17,696
Cash Left In	£147,722£147,722
Equity	£95,899£95,899
Rent Range	£1,450 - £2,200£1,450 - £2,200
Rent Estimate	£1,653
Running Costs/mo	£1,549£1,549
Cashflow/mo	£104£104
Cashflow/yr	£1,244£1,244
ROI	1%1%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £261K to £640K, average is £365.5K. £3.7K/m² to £5.6K/m², average is £4.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£325K	04/21	0.07 mi	32, Broadlands, Thundersley, Benfleet, Essex SS7 3BD	-	-	3	Semi-Detached House
£450K	12/20	0.09 mi	3, Chatsworth, Benfleet, Essex SS7 3BB	£4,412	102	3	Detached House
£420K	06/21	0.11 mi	19, Deepdale, Benfleet, Essex SS7 3AX	£3,889	108	3	Detached House
£363K	08/22	0.12 mi	22, Hart Road, Thundersley, Benfleet, Essex SS7 3PJ	-	-	3	Terraced House
£511K	01/23	0.12 mi	Mingulay, Golden Manor Drive, Benfleet, Essex SS7 3BT	-	-	3	Detached House
£331K	06/21	0.18 mi	20, Swans Green Close, Benfleet, Essex SS7 3PE	£4,797	69	3	Semi-Detached House
£400K	05/21	0.19 mi	9, Tudor Close, Benfleet, Essex SS7 3BX	£4,175	96	3	Semi-Detached House
£400K	09/23	0.19 mi	15, Tudor Close, Benfleet, Essex SS7 3BX	-	-	3	Semi-Detached House
£300K	10/23	0.19 mi	111, The Rundels, Benfleet, Essex SS7 3QN	-	-	3	Terraced House
£395K	11/21	0.19 mi	51, The Rundels, Benfleet, Essex SS7 3QN	£4,293	92	3	Semi-Detached House
£333K	11/22	0.19 mi	117, The Rundels, Benfleet, Essex SS7 3QN	£4,826	69	3	Terraced House
£350K	11/21	0.2 mi	43, The Rundels, Benfleet, Essex SS7 3QN	£3,825	92	3	Semi-Detached House
£425K	08/22	0.21 mi	10, Lodge Close, Benfleet, Essex SS7 3DA	£5,592	76	3	Terraced House
£510K	05/21	0.21 mi	33, Park Road, Benfleet, Essex SS7 3PP	£4,286	119	3	Semi-Detached House
£360K	06/23	0.21 mi	28, Lodge Close, Benfleet, Essex SS7 3DA	£3,789	95	3	Semi-Detached House
£340K	08/22	0.22 mi	6, The Rundels, Benfleet, Essex SS7 3QJ	£4,250	80	3	Terraced House
£283K	11/21	0.23 mi	100, The Rundels, Benfleet, Essex SS7 3QL	£4,288	66	3	Terraced House
£285K	10/20	0.23 mi	86, The Rundels, Benfleet, Essex SS7 3QL	£4,385	65	3	Terraced House
£285K	05/21	0.23 mi	88, The Rundels, Benfleet, Essex SS7 3QL	£4,138	69	3	Terraced House
£261K	05/21	0.23 mi	62, The Rundels, Benfleet, Essex SS7 3QL	-	-	3	Terraced House
£285K	01/21	0.23 mi	84, The Rundels, Benfleet, Essex SS7 3QL	£4,071	70	3	Terraced House
£375K	12/20	0.23 mi	17, Coombewood Drive, Benfleet, Essex SS7 3EA	-	-	3	Detached House
£266K	06/21	0.26 mi	32, Thundersley Grove, Benfleet, Essex SS7 3EB	-	-	3	Detached House
£335K	12/20	0.27 mi	55, Borrowdale Close, Benfleet, Essex SS7 3HE	£4,241	79	3	Semi-Detached House
£440K	03/23	0.27 mi	55, Borrowdale Close, Benfleet, Essex SS7 3HE	£5,570	79	3	Semi-Detached House
£315K	12/20	0.27 mi	17, The Rundels, Benfleet, Essex SS7 3QJ	£4,257	74	3	Semi-Detached House
£290K	04/23	0.27 mi	15, The Rundels, Benfleet, Essex SS7 3QJ	-	-	3	Semi-Detached House
£300K	02/21	0.27 mi	3, The Rundels, Benfleet, Essex SS7 3QJ	£3,846	78	3	Semi-Detached House
£311K	09/23	0.27 mi	24, The Rundels, Benfleet, Essex SS7 3QJ	-	-	3	Terraced House
£390K	02/23	0.3 mi	14, Borrowdale Road, Benfleet, Essex SS7 3HD	-	-	3	Detached House
£360K	09/22	0.3 mi	25, Grangeway, Benfleet, Essex SS7 3RP	£4,800	75	3	Terraced House
£385K	09/22	0.31 mi	14a, Langford Crescent, Benfleet, Essex SS7 3JP	£4,566	84	3	Terraced House
£370K	04/21	0.33 mi	8, Common Approach, Benfleet, Essex SS7 3LA	£3,663	101	3	Semi-Detached House
£410K	12/22	0.34 mi	12a, Langford Crescent, Benfleet, Essex SS7 3JP	-	-	3	Detached House
£366K	01/21	0.35 mi	17, Prestwood Close, Benfleet, Essex SS7 3LD	£4,519	81	3	Semi-Detached House
£500K	03/23	0.37 mi	4, Burches Mead, Benfleet, Essex SS7 3PX	-	-	3	Detached House
£352K	11/20	0.4 mi	15, Cedar Park Close, Benfleet, Essex SS7 3RU	£4,889	72	3	Semi-Detached House
£640K	08/21	0.42 mi	15, Cherrymeade, Benfleet, Essex SS7 1UA	£4,867	132	3	Detached House
£365K	11/20	0.45 mi	18, Warren Chase, Benfleet, Essex SS7 3DZ	£3,687	99	3	Semi-Detached House
£380K	03/23	0.45 mi	84, Woodlow, Benfleet, Essex SS7 3RH	-	-	3	Semi-Detached House
£440K	03/23	0.45 mi	18, Warren Chase, Benfleet, Essex SS7 3DZ	£4,444	99	3	Semi-Detached House
£400K	08/23	0.47 mi	3, Highview Road, Benfleet, Essex SS7 3LF	£3,992	100	3	Semi-Detached House
£315K	02/21	0.49 mi	32, Farm Way, Benfleet, Essex SS7 3RF	£4,701	67	3	Semi-Detached House
£440K	07/23	0.52 mi	1, Farm Way, Benfleet, Essex SS7 3RG	-	-	3	Semi-Detached House
£408K	01/21	0.53 mi	19, Hermitage Avenue, Benfleet, Essex SS7 1TQ	£3,849	106	3	Semi-Detached House
£325K	10/23	0.54 mi	4, Woodlow, Benfleet, Essex SS7 3RL	£4,452	73	3	Semi-Detached House
£320K	10/23	0.54 mi	7, Woodlow, Benfleet, Essex SS7 3RL	-	-	3	Semi-Detached House
£410K	06/23	0.55 mi	136, Chesterfield Avenue, Benfleet, Essex SS7 3HW	-	-	3	Semi-Detached House
£492.5K	12/20	0.57 mi	10, Hermitage Close, Benfleet, Essex SS7 1TH	£4,004	123	3	Detached House
£375K	11/21	0.57 mi	6, Downer Road North, Benfleet, Essex SS7 3EG	-	-	3	Semi-Detached House

Local Rents

21 rents from £1.4K/mo to £2.2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,675	09/24	0.22 mi	Dorothy Gardens, Benfleet	3	Detached House
£1,500	12/24	0.3 mi	-	3	Terraced House
£1,700	01/25	0.65 mi	-	3	Bungalow
£1,800	09/24	0.69 mi	Kiln Road, Benfleet	3	Flat
£1,550	05/23	0.73 mi	-	3	Bungalow
£1,550	05/23	0.75 mi	-	3	Bungalow
£1,600	01/24	0.81 mi	-	3	Bungalow
£1,550	09/24	0.82 mi	Pendlestone, Benfleet	3	Terraced House
£1,450	09/24	0.82 mi	Pendlestone, Thundersley, Essex	3	Detached House
£1,600	09/24	0.89 mi	Clarence Road, Benfleet	3	Flat
£1,900	09/24	0.9 mi	-	3	Terraced House
£2,200	10/23	0.99 mi	-	3	Detached House
£1,700	09/24	1.09 mi	Clifton Avenue, Benfleet	3	Flat
£1,500	09/24	1.1 mi	Weir Farm Road, Rayleigh, Essex, SS6	3	Detached House
£1,850	09/24	1.14 mi	Grove Road, Benfleet	3	Flat
£1,475	07/24	1.2 mi	-	3	Flat
£1,800	09/24	1.2 mi	-	3	Terraced House
£1,450	08/23	1.22 mi	-	3	Flat
£1,450	08/23	1.22 mi	-	3	Flat
£1,600	11/24	1.22 mi	-	3	Flat
£1,600	09/24	1.22 mi	Halle Mews Benfleet, Essex	3	Flat

Local Area Statistics

Population in SS7	49,12149,121
Town centre distance	0.24 miles away0.24 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.77 miles away1.77 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Price changed to £360,000

February 28, 2025

Listed for £375,000

January 22, 2025

Floor Plans

Description

3 GOOD SIZE BEDROOMS +
23`3 LOUNGER +
14`2 SECOND RECEPTION ROOM +
10`3 KITCHEN +
BATHROOM/WC +
GROUND FLOOR CLOAKROOM +
GARAGE +
OFF STREET PARKING +
CUL-DE-SAC LOCATION +
IN NEED OF SOME MODERNISATION +

Situated in a cul-de-sac location within the King John School catchment area and within easy access of the amenities at Thundersley village this extended semi detached house offering 3 good size, & 2 receptions.Property is being sold by informal tender with offers in writing by 24th February 2025

ENTRANCE HALL

GROUND FLOOR CLOAKROOM

KITCHEN - 10'3" (3.12m) x 9'11" (3.02m)

LOUNGE - 23'3" (7.09m) x 10'6" (3.2m) Max

SECOND RECEPTION - 14'2" (4.32m) x 13'0" (3.96m)

LANDING

BEDROOM ONE - 11'10" (3.61m) x 9'10" (3m)

BEDROOM TWO - 10'7" (3.23m) x 10'3" (3.12m)

BEDROOM THREE - 10'10" (3.3m) x 9'2" (2.79m)

BATHROOM/WC

REAR GARDEN

GARAGE

FRONT GARDEN

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Robert Michael, Thundersley

01268 261839

Next Steps?

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